Sanmina Co. (NASDAQ:SANM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its stake in shares of Sanmina Co. (NASDAQ:SANM - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,136 shares of the electronics maker's stock after selling 4,374 shares during the period. Gotham Asset Management LLC's holdings in Sanmina were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SANM. R Squared Ltd purchased a new stake in Sanmina in the 4th quarter valued at about $58,000. Principal Securities Inc. raised its holdings in Sanmina by 13.6% in the 4th quarter. Principal Securities Inc. now owns 1,388 shares of the electronics maker's stock valued at $105,000 after buying an additional 166 shares during the period. Smartleaf Asset Management LLC raised its holdings in Sanmina by 283.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,428 shares of the electronics maker's stock valued at $108,000 after buying an additional 1,056 shares during the period. Sterling Capital Management LLC raised its holdings in Sanmina by 843.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,726 shares of the electronics maker's stock valued at $131,000 after buying an additional 1,543 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Sanmina by 6.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,200 shares of the electronics maker's stock valued at $166,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 92.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SANM. Wall Street Zen upgraded shares of Sanmina from a "buy" rating to a "strong-buy" rating in a report on Saturday. Bank of America upgraded shares of Sanmina from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $58.00 to $92.00 in a report on Wednesday, January 29th.

Sanmina Trading Up 2.9%

NASDAQ SANM traded up $2.41 during trading on Tuesday, hitting $86.61. The stock had a trading volume of 595,055 shares, compared to its average volume of 398,529. The company has a market capitalization of $4.63 billion, a PE ratio of 21.18, a PEG ratio of 1.29 and a beta of 1.10. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $78.40 and a 200 day moving average price of $79.73. Sanmina Co. has a twelve month low of $61.52 and a twelve month high of $91.12.

Sanmina (NASDAQ:SANM - Get Free Report) last released its earnings results on Monday, April 28th. The electronics maker reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.03. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sanmina had a return on equity of 10.61% and a net margin of 2.99%. Sanmina's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. As a group, equities research analysts forecast that Sanmina Co. will post 5.15 earnings per share for the current year.

Sanmina declared that its board has authorized a stock repurchase plan on Monday, January 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the electronics maker to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.